Internal Revenue Code · 26 U.S.C.
§ 2622. Taxable amount in case of taxable termination
Official text, no changes From the Office of the Law Revision Counsel, release point 119-121 (current through Public Law 119-121 (October 9, 2026)). Compare it with the official text at uscode.house.gov (external site).
Cite as 26 U.S.C. § 2622
At a glance
Read from the text, the source credit and the official notes. Not part of the law.
- Status
- In force
- Added
- October 4, 1976 by Pub. L. 94–455
- Last amended
- October 22, 1986 by Pub. L. 99–514
- Amendments
- 1 dated changes in the source credit
- Length
- 2 subsections · 115 words · about 1 min to read
- Cross-references
- cites 1; cited by 0 Code sections and 0 other regulations
For purposes of subsection (a), there shall be allowed a deduction similar to the deduction allowed by section 2053 (relating to expenses, indebtedness, and taxes) for amounts attributable to the property with respect to which the taxable termination has occurred.
(Added Pub. L. 94–455, title XX, § 2006(a), Oct. 4, 1976, 90 Stat. 1888; amended Pub. L. 99–514, title XIV, § 1431(a), Oct. 22, 1986, 100 Stat. 2720.)
Cross-references
Computed from the citations in the text of Title 26 and 26 CFR.
This section cites 1 other section
Amendment history
From the source credit and the official notes, newest first.
- Amended by Pub. L. 99–514
- Added by Pub. L. 94–455
Where it sits in the Code
- Subtitle B Estate and Gift Taxes
- Chapter 13 TAX ON GENERATION-SKIPPING TRANSFERS
- Subchapter C Taxable Amount
Nearby sections
- § 2621 Taxable amount in case of taxable distribution
- § 2622 Taxable amount in case of taxable termination
- § 2623 Taxable amount in case of direct skip
- § 2624 Valuation
Official notes
Show the Law Revision Counsel's notes (amendments, effective dates)
Editorial Notes
Amendments
1986—Pub. L. 99–514 amended section generally, substituting provisions relating to taxable amount in case of a taxable termination for former provisions which authorized the Secretary to promulgate regulations. See section 2663 of this title.
Statutory Notes and Related Subsidiaries
Effective Date of 1986 Amendment
Section applicable to generation-skipping transfers (within the meaning of section 2611 of this title) made after Oct. 22, 1986, except as otherwise provided, see section 1433 of Pub. L. 99–514, set out as a note under section 2601 of this title.